JSW Energy’s Net Profit in Q1 Slides 48% YoY on Thermal Segment Headwinds

The company's EBITDA grew 18% YoY, driven by the increase in renewable energy generation

July 17, 2023

/ Market & Policy, Other, Renewable Energy,

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JSW Energy, an independent power producer, reported a net profit of ₹2.9 billion (~$35.3 million), a decrease of 48% year-over-year (YoY) in the first quarter (Q1) of the financial year (FY) 2023-24, due to the lower realization in the thermal segment following a decline in coal prices.

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Gautamee Hazarika

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JSW Energy’s Net Profit in Q1 Slides 48% YoY on Thermal Segment Headwinds

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